Scale your trading operations with OfficeBox. From multi-channel inventory management to automated compliance and predictive analytics, we provide the tools to excel in competitive markets.
Essential tools for successful trading operations
The key factor for success of a Trading Company is the availability of accurate Inventory data. Servicing orders timely is solely based on the knowledge of goods availability.
Trading business margins are achieved only with precise billing done timely. This can be achieved only when dispatches are linked to invoicing online.
The monitoring of the free credit period forms a crucial factor in cash flow. Follow up on outstanding bills is critical to ensure rolling capital is maintained to ensure stock acquisition is in time with delivery orders.
Trading houses deal with multiple contracts which come with different contractual terms and conditions. Efficient management of the contracts is key to ensure penalties are not encountered.
The business of Trading companies depends on regular sundry expenses of Labour Charges, Warai, Loading and Unloading charges etc. The recording of these expenses are required to be precise and as per contractual terms either passed on or absorbed. The function of balancing these expenses makes the difference in profit and loss.
Trading business has its nuances of goods returning back from clients, just as goods returning to the commissioned goods provider is an integral part of day to day transactions. Recording Returns and ensuring Billing is updated is key towards achieving profitability per contract.
Discover how OfficeBox ERP can provide the agility and insights your trading business needs to succeed.
